Yanukovych dismisses Volha as head of financial service markets regulator

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July 25, 2011, 10:51 a.m. | Politics — by Interfax-Ukraine
Ukrainian President Viktor Yanukovych has dismissed Vasyl Volha from the post of the head of the state commission for financial service markets regulation. A relevant decree was signed and published on the Web site of the head of state on July 25.

The official was dismissed due to a violation of an oath of civil servant.

Volha was detained on July 19. Pechersky District Court in Kyiv ruled to place him in custody for two months as a pre-trial restriction measure.

According to Acting Ukrainian Prosecutor General Renat Kuzmin, the head of the state commission for the regulation of financial services markets is suspected of accepting a $500,000 bribe.

Volha was appointed the head of the state commission for the regulation of financial services markets on Match 22, 2010.

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